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The Independent UK
The Independent UK
National
Matthew Lee

US makes deal with Iran to swap prisoners and release $6 billion in frozen Iranian funds

Copyright 2023 The Associated Press. All rights reserved.

The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of U.S. sanctions. In addition, as part of the deal, the administration has agreed to release five Iranian citizens held in the United States.

Secretary of State Antony Blinken signed off on the deal late last week, but Congress was not notified of the decision until Monday, according to the notification, which was obtained by The Associated Press.

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